Elon Musk’s net worth dropped $500 billion in a month as SpaceX and Tesla losses drive funding push for tunnel venture. Elon Musk is raising $4 billion for The Boring Company at a $20 billion valuation, tripling its 2022 valuation of $5.7 billion. The funding round remains
Forte Biosciences (NASDAQ:FBRX) shares climbed 39.2% in pre-market trading after argenx (NASDAQ:ARGX) announced a definitive agreement to acquire the clinical-stage biotechnology company in an all-cash transaction valued at approximately $2.2 billion. Under the terms of th
Argenx NV ADR (NASDAQ:ARGX) has agreed to acquire Forte Biosciences Inc (NASDAQ:FBRX) in a transaction valued at approximately $2.2 billion, expanding its portfolio of autoimmune disease treatments as it looks to build new growth opportunities beyond its flagship medicine,...
Volkswagen’s first-half operating profit fell to €5.93bn as China demand plunged and US production shutdowns weighed on earnings. Volkswagen Group posted a first-half operating profit of €5.93bn, down 11.6% year-on-year, as weaker demand in China and costs tied to ending U
Brent crude retreats from triple digits after U.S. pauses Iran strikes, easing inflation concerns before key central bank decisions. Oil prices fell below $100 per barrel as tensions with Iran eased, with the U.S. pausing strikes after 13 days of attacks. Iran signaled a r
Shein’s $40-50 billion Hong Kong IPO valuation may be challenged by a 39% net income decline and Q1 loss of $99 million. Shein’s prospectus revealed an 8% revenue increase to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. The fast-fashion retailer reporte
Alphabet’s $112.1 billion net income for Q2 was boosted by unrealized investment gains, distorting its P/E ratio and valuation metrics. Alphabet’s net income of $112.1 billion in the second quarter outpaced its $119.8 billion in revenue, but the figure was inflated by unre
Perfect’s Q2 GAAP EPS of $0.01 and revenue of $16.3 million fell short of expectations by $0.01 and $1.83 million, respectively. Perfect posted Q2 GAAP earnings per share of $0.01, missing estimates by the same margin. Revenue totaled $16.3 million, unchanged year-over-yea
The five-year deal targets next-generation AI infrastructure with joint memory, foundry, and advanced packaging projects. Samsung Electronics and Broadcom signed a memorandum of understanding to expand collaboration on AI semiconductor technologies, with planned investment
Equity markets rebounded and energy prices fell on easing Middle East tensions, with key support levels holding across assets. Nasdaq cash indices rebounded on July 27 after holding critical support at 27,900-28,000, with traders eyeing a potential move toward 29,000. The
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